Social Tagging Describes the Collaborative Activity of Marking Shared Online

question 104

True/False

Social tagging describes the collaborative activity of marking shared online content with keywords or tags as a way to organize it for future navigation, filtering, or search.

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Definitions:

Adjusting Entry

Adjusting entry is a journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period.

Revenue Recognition

This is an accounting principle that outlines the specific conditions under which revenue is recognized and determines how to account for it.

IFRS

International Financial Reporting Standards, a set of accounting principles for preparing financial statements to ensure consistency and transparency globally.

GAAP

Generally Accepted Accounting Principles refer to the commonly applied rules and standards in financial reporting and accounting.